Uphold is set to expand its XRP offerings with the relaunch of its debit card, providing up to 10% cashback in XRP for users with direct deposit. Announced by Uphold's US President Nancy Beaton, the company is also collaborating with Exactly Protocol to launch a DeFi lending pool by Q4 2025. Additionally, Uphold plans to introduce a credit card enabling spending against collateralized assets.
The new initiatives include earning 4% interest on USD deposits, with up to $2.5 million in FDIC insurance. Uphold also aims to launch tokenized deposits backed by real USD on blockchain in 2025, enhancing its financial product suite.
Uphold to Introduce XRP Cashback and DeFi Lending Products
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
